Securities and Exchange Commission v. Aras Investment Business Group S.A.P.I. DE C.V. et al.

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF TEXAS EL PASO DIVISION

SECURITIES AND EXCHANGE § COMMISSION, § § Plaintiff, § § v. § CAUSE NO. EP-23-CV-353-KC § ARAS INVESTMENT BUSINESS § GROUP S.A.P.I. DE C.V. et al., § § Defendants. §

ORDER ADOPTING REPORT AND RECOMMENDATION OF THE MAGISTRATE JUDGE

On this day, the Court considered United States Magistrate Judge Anne T. Berton’s Report and Recommendation (“R&R”), ECF No. 36. On April 21, 2025, Plaintiff filed a Motion for Default Judgment (“Motion”), ECF No. 31. On September 12, the Motion was referred to Judge Berton. Sept. 12, 2025, Text Order. Judge Berton filed the R&R on October 17, 2025, recommending that the Court grant Plaintiff’s Motion. Parties have fourteen days from a service of a Report and Recommendation of a United States Magistrate Judge to file written objections. See 28 U.S.C. § 636(b)(1)(C).1 Over fourteen days have elapsed since the R&R, and no objections have been filed. When parties do not file written objections, courts apply a “clearly erroneous, abuse of discretion and contrary to law” standard of review to a report and recommendation. United States v. Wilson, 864 F.2d 1219, 1221 (5th Cir. 1989). After reviewing the R&R, the Court agrees with the Magistrate Judge’s proposed findings of fact and conclusions of law and finds

1 Federal district courts conduct de novo review of those portions of a report and recommendation to which a party has objected. See 28 U.S.C. § 636(b)(1)(C) (“A judge . . . shall make a de novo determination of those portions of the report . . . to which objection is made . . . .”). that they are neither clearly erroneous nor contrary to law. See id. Accordingly, the Court ADOPTS the R&R, ECF No. 36, in its entirety, and GRANTS Plaintiff's Motion, ECF No. 31. IT IS FURTHER ORDERED that Plaintiff shall file a motion for damages and/or other relief by no later than January 12, 2026. Defendants shall respond by no later than January 26, 2026, and Plaintiff may reply by no later than February 2, 2026. SO ORDERED. SIGNED this 5th day of November, 2025.

NIZED STATES DISTRIG# JUDGE